Stuart Lubow Sells 5,476 Shares of Dime Community Bancshares (NASDAQ:DCOM) Stock

Dime Community Bancshares, Inc. (NASDAQ:DCOM) CEO Stuart Lubow sold 5,476 shares of Dime Community Bancshares stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $35.14, for a total transaction of $192,426.64. Following the sale, the chief executive officer directly owned 222,198 shares of the company’s stock, valued at $7,808,037.72. This represents a 2.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Dime Community Bancshares Stock Performance

DCOM stock opened at $34.95 on Thursday. Dime Community Bancshares, Inc. has a twelve month low of $23.25 and a twelve month high of $36.86. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.57. The company has a market cap of $1.53 billion, a P/E ratio of 14.81 and a beta of 1.11. The business’s fifty day moving average is $32.41 and its 200-day moving average is $30.15.

Dime Community Bancshares (NASDAQ:DCOM) last released its quarterly earnings data on Wednesday, January 21st. The savings and loans company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.09. Dime Community Bancshares had a return on equity of 9.12% and a net margin of 15.15%.The business had revenue of $123.85 million during the quarter, compared to the consensus estimate of $118.14 million. During the same quarter in the prior year, the company posted $0.42 earnings per share. Equities research analysts forecast that Dime Community Bancshares, Inc. will post 3.06 EPS for the current year.

Dime Community Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 23rd. Investors of record on Friday, January 16th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Friday, January 16th. Dime Community Bancshares’s dividend payout ratio (DPR) is currently 42.37%.

Institutional Investors Weigh In On Dime Community Bancshares

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP lifted its stake in Dime Community Bancshares by 25.2% in the 4th quarter. Wellington Management Group LLP now owns 4,263,230 shares of the savings and loans company’s stock valued at $128,281,000 after acquiring an additional 857,001 shares in the last quarter. State Street Corp lifted its position in shares of Dime Community Bancshares by 0.5% in the fourth quarter. State Street Corp now owns 1,824,019 shares of the savings and loans company’s stock worth $54,885,000 after purchasing an additional 8,936 shares in the last quarter. Systematic Financial Management LP boosted its holdings in Dime Community Bancshares by 2.3% during the second quarter. Systematic Financial Management LP now owns 1,228,999 shares of the savings and loans company’s stock worth $33,109,000 after purchasing an additional 27,463 shares during the last quarter. Brown Advisory Inc. grew its position in Dime Community Bancshares by 13.1% in the second quarter. Brown Advisory Inc. now owns 1,129,067 shares of the savings and loans company’s stock valued at $30,417,000 after purchasing an additional 131,087 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Dime Community Bancshares by 0.5% in the second quarter. Geode Capital Management LLC now owns 978,630 shares of the savings and loans company’s stock valued at $26,367,000 after purchasing an additional 4,827 shares in the last quarter. Institutional investors and hedge funds own 75.27% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on DCOM shares. Stephens increased their target price on shares of Dime Community Bancshares from $33.00 to $36.00 and gave the stock an “equal weight” rating in a report on Friday, January 23rd. DA Davidson raised their price objective on Dime Community Bancshares from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Dime Community Bancshares in a research note on Wednesday, January 21st. Keefe, Bruyette & Woods raised their price target on Dime Community Bancshares from $34.00 to $40.00 and gave the stock an “outperform” rating in a research report on Thursday, January 22nd. Finally, Zacks Research upgraded Dime Community Bancshares from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $38.33.

About Dime Community Bancshares

Dime Community Bancshares, Inc is the bank holding company for Dime Community Bank, headquartered in Hauppauge, New York. Through its subsidiary, the company offers a comprehensive suite of banking and financial services to both individual and commercial customers. With a network of branches spanning the New York metropolitan area and South Florida, Dime Community Bancshares emphasizes relationship banking and local decision-making.

The company’s core lending activities include commercial and multifamily real estate loans, construction and land development financing, and one-to-four-family residential mortgage lending.